Financing

For Homeowners

$1 a day + your utility savings = Solar Ownership in 7 Years.

FOR YOUR HOME–Progressive Power Solutions now has a dedicated finance professional who will finance your solar investment. Rates are competitive, the process is smooth and easy, and you don’t have to fill out a flurry of paperwork.

Financing Options

Option One

Purchase out of pocket, finance it yourself or a combination of these. 5 to10 year payback depending on system type, 125% return on investment first 10 years 500% by year twenty. You keep all the benefits. You bear the cost of maintenance and repairs after warranty. This is the best deal for the consumer.

Option Two

Lease agreement. You keep the revenue from your system minus the fixed lease payments. 40% to 60% return on investment. At the end of the lease they remove the system or you pay a lump sum to purchase the remaining costs. Company pays for maintenance and repair during lease period. Consider what happens to your lease if the company goes out of business? Does the contract allow them to adjust the payment amount? Best deal if you don’t or can’t finance the system or don’t want to deal with maintenance and repairs.

Option Three

Power Purchase Agreement. You get your system with no out of pocket cost. The install company keeps all revenue and renewable energy credits. You simply pay your electric bill to a different company than the utility. Your electricity will be cheaper to start but costs will rise over time usually less than the utility but there is no oversight like the public utilities commission who watches out for consumers with the utility. The company can change or renegotiate their costs without oversight. 3% to 5% return on investment. Best deal if you want to go green with renewable energy and have no out of pocket expenses.